Hyundai Rotem Aims to Join World's Top Five within 4 Years

July 17, 2017 11:01lJuly 17, 2017 11:10

Hyundai Rotem unveiled its blueprint aimed at overtaking Japan's Hitachi, Germany's Siemens, and America's General Electric to become the world's fifth-largest train manufacturer within the next four years.

Kim Hyung-wook, head of the rail business at Hyundai Rotem, said in his interview with the Korea Economic Daily on July 16, "Hyundai Rotem, which received 2.8 trillion won orders last year, the highest in its history, aims to clinch orders of up to 5.8 trillion won during the next two years from 2018 to 2019, thereby entering the top-five rank in the world by 2020."

Kim has led Hyundai Rotem's overseas sales activities over the past 15 years. He added, "To become a global company, we have to go beyond the domestic market and broaden the source of revenue in overseas markets. We expect to win new orders from Poland, Taiwan, and Canada."